Iron Ore Price Slump Continues; Market Woes Worsen Say Experts
It was not long back that a lot of companies like BEML suffered heavy losses because of the iron ore price slump that the markets faced. In the year 2012 iron ore prices were hit because of innumerable reasons, one of the leading one being decline in demand. Vaman Kumar reports that in 2012, the average spot prices rage between US$150 per metric ton.